New Construction in DFW for Rental

[Joseph Phillip]

I would be curious if buying land (6-7K sq ft) and putting a new development(4bed 3 bath 2300 sq ft at $130 a sq ft) on it for rental would be a sound idea in the DFW market. I’m looking to hold my property for at least 8-10 years and the goal is to scale my portfolio - I’m playing the appreciation game so no too worried on cash flow.

would love perspective on if that’s a crazy approach for my first rental property vs buying an older home